The Blog of P.U.R.E. and Sue Scheff

During these difficult times, many families are struggling to pay their monthly expenses. Some parents have lost their jobs, some families have lost their homes and there are those that are on the edge of both. Living from paycheck to paycheck and raising a family has become more challenging. What can our teens learn from this? How can they be prepared financially for the future? As savvy as our teens are today with the information highway, called the Internet, many are still clueless about finances, budgeting, and saving money. TheMint.org offers excellent parenting tips and advice. As parents, we understand the importance of literacy. We sit for hours reading with our children. However, children must be "literate" about money matters, too. Learning how to think about money and manage it wisely is an equally important life skill. We must patiently help our kids "sound out" the many ways to control money. Our kids will learn by doing. Some lessons will be ...

Debra Beck, an Author and Mentor to Teens, has a wonderful website http://www.myfeetarentugly.com/ and focus's on building your teens self esteem. Having self confidence can help your teen make better choices. Debra just posted a very timely Blog on Teens and Money - check it out! By Debra Beck It’s amazing to me how teens react to money differently. My oldest daughter didn’t like to spend her money or mine for that matter. She was always very picky about what she purchased to make sure that the money was well spent. My youngest on the other hand spent both of our money without a second thought, and sometimes on wasteful things. I am noticing the same with my partners boys, one is very careful about his spending, and the other has the money spent in no time at all. What can we do as parents to assure that our teens have a certain amount of respect for money, no matter where it is coming from. The first thing I suggest is starting at a young age. Be careful that you don’t give th...